What is Binance Alpha, and What are Alpha Points?
Binance Alpha was initially a new feature of the Binance Web3 Wallet. To capitalize on the meme coin craze that surged at the end of 2024, Binance Alpha listed many popular meme coins. Later, driven by CZ and He Yi's promotion of the BSC ecosystem, Binance Alpha also began listing popular coins from various ecosystems. These tokens were all given the expectation of being listed on Binance, becoming a new positive catalyst.
Binance Alpha 2.0 was integrated into the Binance exchange, allowing direct trading of Alpha tokens using exchange assets without additional gas fees or on-chain operations. Coinciding with OKX Dex's month-long maintenance and the wealth-generating effect of Binance Wallet's TGE events, its trading volume even surpassed OKX Wallet, and Binance Alpha gradually became the largest primary market trading platform.
Binance Alpha launched Alpha Points on April 25th of this year. Alpha Points serve as a system to evaluate user activity within the Binance Wallet ecosystem and the Alpha platform. Users whose points reach a certain threshold are eligible for Binance Alpha airdrops or participation in Binance Wallet TGE token sales. Users can search for "Alpha Events" on Binance to view their Alpha Points and airdrop thresholds.
Binance Alpha Points Calculation Rules
Binance Alpha Points are based on two parts: "Trading Volume" and "Holding Asset Value." The daily calculation is updated every day at 8:00 AM (UTC+8) based on the cumulative total over the past 15 days and credited to the account before 2:00 PM (UTC+8). The respective calculation rules for "Trading Volume" and "Holding Asset Value" points are as follows:
Trading Volume Points:
Based on the user's trading volume of purchasing Alpha platform tokens within the Binance exchange and Binance Wallet, points are awarded according to powers of 2.
Note: Only buy volume is counted; sell volume is not.
$2: 1 point
$4: 2 points
$8: 3 points
$16: 4 points
$32: 5 points
$64: 6 points
$128: 7 points
$256: 8 points
$512: 9 points
$1,024: 10 points
Beyond $1,024, every doubling increases the points by 1. For example, $2,048 is 11 points, $4,096 is 12 points, and so on. There is no upper limit for trading volume points, but cost-effectiveness should be considered as the marginal benefit of higher trading volume decreases.
Holding Asset Value (Balance Points)
Based on the total asset holding value of the user within the Binance exchange and Binance Wallet, it is divided into different tiers, providing users with passive point income daily.
$100 ~ $1,000: 1 point per day $1,000 ~ $10,000: 2 points per day $10,000 ~ $100,000: 3 points per day Above $100,000: 4 points per day
A maximum of 4 points per day, the calculation is very simple and suitable for users who hold assets long-term.
How to Farm Binance Alpha Airdrops? Step-by-Step Guide with Images for Point Farming
To efficiently earn Alpha Points and reduce transaction costs to maximize returns with minimal expense, the author recommends referring to the following techniques to avoid detours in point farming.
Step 1. Register a Binance Account
First, prepare a Binance account, complete KYC, and create a Binance Keyless Wallet. If you don't have a Binance Wallet yet, you can check – Binance Web3 Wallet Creation Tutorial.
Step 2. Withdraw Funds to Binance Wallet
The second step is to prepare the funds for point farming. It is recommended to use the Binance Wallet for this operation as the overall slippage will be much lower. The amount of funds to prepare depends on the tier you want to farm. For example, to farm 8192 points (14 points) daily, the author prepares approximately 1.6 BNB.
Step 3. Select Point Farming Trading Pairs
Here, it is recommended to choose the B2 and ZKJ trading pairs for point farming due to the following reasons:
Double Points for BSC Chain To support its own BSC ecosystem, Binance waives transaction fees for multiple BSC tokens, and the buy volume of BSC tokens is calculated as double, meaning buying BSC tokens worth 8192U can be counted as 16,384U in the trading volume statistics.
High Liquidity Tokens When selecting tokens for trading, choose tokens with high liquidity, such as $B2 and $ZKJ, to reduce slippage caused by insufficient liquidity during transactions.
Step 4. Adjust Slippage for Trading
When trading using Binance Wallet, you can customize the slippage. It is recommended to use 0.1% to 0.3%. Setting the slippage too low may cause transaction failures, so you can increase it appropriately. It is also recommended to turn on MEV protection to prevent your transactions from being front-run.
Step 5. Farm Points and Reasonably Calculate Point Slippage
Follow the above operation process for quick buy and sell transactions to reach the target trading volume. Calculate the daily points earned based on holding and trading volume slippage, then multiply by 15 to calculate the total points earned in one cycle. For example, if the current point threshold is 180-200, you need at least 13-15 points per day.
As shown in the figure below, the author farms 8192 (14 points) in a single day with approximately 2-3U of slippage.
The Alpha Points will not be updated immediately on the Alpha Events page after farming. Alpha Points are settled every day at 8:00 AM (UTC+8) and credited to the account before 2:00 PM (UTC+8).
Binance Alpha Points Deduction Mechanism
Binance Alpha introduced a point deduction mechanism on May 13th. In addition to the original expiration of points every 15-day cycle, users who meet the threshold to participate in future airdrops or TGE token sales will also have Alpha Points deducted.
For example, claiming the $XTER airdrop this week will deduct 15 Alpha Points. Currently, the deduction is a fixed amount of 15 points each time. With the introduction of the deduction mechanism, the selection of airdrops to participate in has become more important, and users need to judge whether each airdrop is cost-effective to spend points on.
Binance IDO (TGE) Event Participation Tutorial
Binance Alpha airdrops are often distributed in the form of IDOs (TGEs). Eligible users can use $BNB to participate in the new project token sales. The author will use the first phase, $SHELL, as a visual example of how to participate in Binance Wallet IDOs.
1. Complete KYC
Complete the identity verification on the Binance platform before participating. Users who have not passed KYC cannot participate.
2. Go to the IDO Page
Use your Binance Wallet to go to the IDO page and connect to the BNB Chain, ensuring you have enough BNB to participate in the subscription.
3. Stake BNB
As shown in the figure below, stake your $BNB on the IDO page. After the event ends, you can check your allocation on the page, and the system will automatically subscribe to the allocated amount.
4. $SHELL Distribution
After the event ends, you can directly withdraw the remaining $BNB and the allocated $SHELL on the page. At that time, a single entry could receive 826.98 $SHELL, which could be sold for 0.4 $BNB, resulting in a net profit of up to $300 per entry!
Binance Alpha Points Farming Cheat Sheet
Ways to Accumulate Points
Holding Assets Holding assets can earn passive balance points: $100–$999 USD earns 1 point daily, $1000–$9999 USD earns 2 points daily, $10000–$99999 USD earns 3 points daily, and ≥$100,000 USD earns 4 points daily.
Trading Volume Trading Alpha earns trading volume points. Every $2 USD worth of Alpha tokens bought earns 1 point, with an additional +1 point for every doubling of the amount (e.g., $4 earns 2 points, $8 earns 3 points, $16 earns 4 points).
Checking Points
Open the Binance App, click "More" on the homepage → "Information" → "Alpha points" to check your total points for the past 15 days.
Binance Alpha Frequently Asked Questions
When are Binance Alpha points refreshed, and when are points credited? Binance Alpha points are recalculated daily at 8:00 AM (UTC+8), and the points will be credited to the account before 2:00 PM (UTC+8).
What is the threshold for Binance Alpha trading competitions? How to participate? Binance Alpha holds trading volume competitions on various chains, such as BSC, Sonic, and Sui chains. Each chain calculates the accumulated trading volume during the event period separately and awards token airdrops to users within the specified rankings. No special registration is required for these trading competitions; simply trading will automatically count towards your trading volume. You can combine this with regular point farming to see if you have a chance to earn extra rewards.
Will using multiple Binance accounts for Alpha trading lead to risk control? It is recommended not to use multiple Binance accounts for Alpha trading under the same device or IP address. Many users have been subject to risk control due to using multiple accounts on the same device, so as not to lose the eligibility to participate in airdrop events.
Conclusion: Low-Threshold Participation in Airdrops, Steady Scoring for Considerable Returns
The Binance Alpha Points airdrop event provides users with a low-cost opportunity to participate in new project airdrops and creates a fairer participation opportunity for community activity and Dapps. By reasonably arranging holdings and trading volume slippage for point farming, you can accumulate Alpha Points with very low risk and earn high-yield airdrop rewards.
The author encourages readers to participate in Alpha airdrop events after rationally evaluating costs and measuring returns, farm Alpha Points with a stable mindset, and use the point farming techniques mentioned above for long-term planning to obtain the highest returns!
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